Warren Buffett Steps Down as CEO of Berkshire Hathaway, Greg Abel Named Successor
| Category | Details |
|---|---|
| Event | Warren Buffett steps down as CEO of Berkshire Hathaway |
| Date | May 3, 2025 |
| Location | Omaha, Nebraska |
| Successor | Greg Abel |
| Buffett's Age | 94 |
| Abel's Age | 62 |
| Buffett's Tenure | Led Berkshire Hathaway since 1965 |
| Abel's Tenure | With Berkshire since 2000, Vice Chairman since 2018 |
| Company Value | $1.2 trillion conglomerate |
| Cash Reserves | $347.7 billion (as of March 2025) |
| Stock Performance | 19% rise in 2025, outperforming S&P 500's 3% drop |
| Key Holdings | Geico, BNSF Railway, Apple, American Express, Bank of America |
| Objective | Ensure smooth leadership transition, preserve culture, and future growth |